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December 21, 2012

Manufacturing in the KC fed district falls in December

Manufacturing in the Kansas City Federal Reserve Bank district fell again in December though by smaller amounts than in October and November, according to a Fed survey.

Manufacturing in the Kansas City Federal Reserve Bank district fell again in December though by smaller amounts than in October and November, according to a Fed survey.

Factories reported being more optimistic about future production than last month, but a higher share also said they plan to cut employment in coming months.

“We saw factory activity decline for the third straight month, which many firms blamed on the uncertainty created by the fiscal cliff talks,” said Chad Wilkerson, the bank’s vice president and economist.

The Fed district includes Kansas, Colorado, Nebraska, Oklahoma, Wyoming, the western third of Missouri and the northern half of New Mexico.

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